Marqeta (MQ) Stock News: $13 Million Securities Settlement Open for Claims

Claims are open in a $13 million securities settlement with Marqeta, chief executive Simon Khalaf and chief financial officer Michael Milotich, according to OpenClassActions. Judge Yvonne Gonzalez Rogers of the Northern District of California granted preliminary approval on September 3, 2026, and the final approval hearing is set for January 12, 2027.

What the lawsuit claimed#

The consolidated case, filed in December 2024, alleges that between February 28 and November 4, 2024 the company and the two executives misled investors about how quickly Marqeta could recognise revenue from new programs. The defendants agreed to pay without admitting liability, and their motion to dismiss was still pending when the case settled at a November 2025 mediation.

How to file#

The court-approved notice and claim form are posted on the administrator’s website. Online claims must be received by 11:59 p.m. Eastern on December 31, 2026. A claim needs a list of Marqeta trades with supporting brokerage records. The notice estimates about $0.11 per share on average after fees, with a $10 minimum payment.

Why it matters for the stock#

For readers following MQ, the settlement amount is small relative to the company’s cash balance, and it removes a pending suit from the risk factors. The underlying issue, the pace at which new card programs ramp, is still the operating metric to track in quarterly results.

Read the full case page on OpenClassActions.

Published October 21, 2026. Informational reporting, not legal or investment advice. TickerPosts and OpenClassActions.com share a founder. Settlements resolve claims without an admission of wrongdoing, and allegations in pending lawsuits are unproven.